Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The March EFP posting is a mystery because we don’t know if it established a new position orit was a liquidating factor or a variety of events. On face value the OI shows the usual short covering and long liquidation. I believe we are seeing the same today. The market has bounced from the lows to make new highs. The depth on the sell side is becoming more populated. The COT is simply a record keeper for now and has no direct impact. However the OI may be more of a factor. It seems that every day the market makes a sharp move as the OI is released. RC is keeping pace with KC today as the arb trades at 48.72. JanMar is also steady ar 6 premium bid. USDBRL is 3.2216 -.0060.